Silver Star Properties REIT enters employment agreements with CEO Wheeler and GC Collins

SILVER STAR PROPERTIES REIT, INC

David Wheeler, President/Co-CEO, gets 1-year deal effective March 27, 2024; will also serve as COO.
Wheeler base salary $375,000; max bonus 150% of $150,000; monthly expense allowance of $3,400.
Adrienne Collins, General Counsel/Corp Secretary, gets 1-year deal with base salary $250,000; max bonus 150% of $110,000.
Both agreements can be terminated without cause with base salary continued through end of Fixed Term.
Wheeler agreement includes 1-year non-compete in self-storage real estate; non-solicitation for 18 months.

item 5.02 item 9.01

Executive movements

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Role change

David Wheeler

President, Co-Chief Executive Officer, and Chief Operating Officer

SILVER STAR PROPERTIES REIT, INC

Effective: 2024-03-27
Filed: April 11, 2024, 7:59 PM ET

to continue in his current role and serve as Chief Operating Officer, which conforms his title to his actual responsibilities.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

David Wheeler was appointed as President, Co-Chief Executive Officer, and Chief Operating Officer at SILVER STAR PROPERTIES REIT, INC.

Action: appointed
Role: President, Co-Chief Executive Officer, and Chief Operating Officer

Exact text from the filing

to continue in his current role and serve as Chief Operating Officer, which conforms his title to his actual responsibilities.

View on SEC.gov

Source: SEC EDGAR

accession 0001446687-24-000071

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